Newscasts - Health insurers slide after subsidies dropped from US shutdown deal
10/11/2025 19:39
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_kgehipwe&referenceId=tag:reuters.com,2025:newsml_RW089110112025RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: Shares of health insurers fell in early trading on Monday after the U.S. Senate struck a deal to end the 40-day federal shutdown without extending Affordable Care Act subsidies, setting up a December vote on the issue instead. Lisa Bernhard Short Link: https://lseg.group/4hOuvFw Video Transcript: Shares of health insurers tumbled Monday after the US Senate struck a deal to end the government shutdown without extending Affordable Care Act subsidies. Shares of Centene slid as much as 10.5%, while Molina Healthcare slipped more than 7.5%, and Elevance Health shed as much as 5%. Disagreement over extending the subsidies, which are due to expire at the end of the year, has been at the heart of the record-long shutdown. Without them, most of the 24 million people enrolled in these plans will see a sharp increase in their health insurance costs for 2026. But Republicans and a small group of Democrats agreed to a December vote on potentially extending the subsidies, which have been in place since 2021. The subsidies have allowed enrollment in the Affordable Care Act, otherwise known as "Obamacare", to double in size. Meanwhile, President Donald Trump on Sunday reiterated a call to end the subsidies, posting on social media that they were a "windfall for health insurance companies and a disaster for the American people," a comment that one analyst said could infuse more uncertainty for insurers.